The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1887-10-06


if thereby he could make clear million
of dollars. The financial system of the
government places the whole productive
energies of the country at the mercy of
ruthless, unconscientious and frenzied
gamblers.
Andrew Jackson, the man of clear
head and iron will and patriotic heart,
saw in his time the power of centralized
capital, and the wicked, destructive uses
to which it could be subjected, in the
United States Bank, and he turned the
whole force of his intellect and will and
popularity against it and destroyed it.
He was giant in his day, but the teach
ings of his most pronounced conduct as
President and as patriarch of Democracy
has faded from the memory and minds of
this generation. But what was the
power of the United States Bank even in
his day compared with the centralized
power of thousand millions of dollars
now? We need dozen Andrew Jack.
SONS to fight and destroy this immense
monster that is eating up the products Of
the people as fast as they are made
ready for the market.
If the tax Tor penalty rather) of 10 per
per cent. on the State bank is repealed
the grip of this monster would be relaxed.
State banks of issue would spring up in
all the States. Money would be more
abundant and cheaper in these outlying
provinces of the money kings. New
centres of trade would be created and
old ones would revive, and between
competing bodies, the farmer would be
able to realize the value Of bis crop.
It is not necessary, or indeed, desirable
to destroy the national currency. 1t is
diminishing anyhow from day to day as
the bonded debt of the government is
being paid, and some change must be
made sooner or later. A diminished
national currency could pro6tably COM
bine with local or State currency, and
the union of the two would be better
than either by itself.
The second break or crevasse is the
protective tariff, which likewise is war
measure, and has lived to our infinite
loss beyond the cause that did not justify,
but to some extent excused its adoption.
This subject has been so much dis.
cassed and is so familiar 10 our readers
that this portion of the address is omit
ted.
The speaker concluded by saying that
the history and results of these two
measures reminded him of the joke told
Esop of the war between stays and TIE
horses. In the first encounter the stays
were victorious. The horses not willing
to submit invited man to become their
ally in the contest. Man said I am will
ing to assist you, but you must let me
put bit in your mouth and get on your
back. The horses accepted the terms
Thus strengthened the war was renewed,
the horses were victorious and the stays
oYerthrown. But (added the author)
man has been on the back of the horses
ever since and guided them at his will
with the bit in their mouth.
So the General Government was in q
desperate war with the Confederacy and
invited the capitalists to assist in defeat.
ing the enemy, the capitalists consented
on condition that he should Ia allowed
to put bitin its mouth and ride on its
back, to which the Government assented.
The enemy was, by the combination, de-
feated, but the capitalist is still on the
back of the General Government and
guides it at his pleasure with the bit.